Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa - 2023
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa (FOB) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa (CIF) - 2023
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa (FOB) - 2022
The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $1,733 per ton in 2022, jumping by 21% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 an increase of 45%. The export price peaked at $8,111 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($10,393 per ton), while the average price for exports to Botswana ($993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+5.7%), while the prices for the other major destinations experienced a decline.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa (CIF) - 2023
The average import price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $13,899 per ton in December 2023, with an increase of 26% against the previous month. Over the period under review, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 826% against the previous month. As a result, import price attained the peak level of $108K per ton. From August 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($44,243 per ton), while the price for China ($4,349 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-1.0%), while the prices for the other major suppliers experienced a decline.
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa
In 2022, shipments abroad of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -55.6% to 141 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 203% against the previous year.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol shrank sharply to $244K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 97% against the previous year.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 1.1 | 109 | 333 | 121 | 379.1% |
| Kenya | N/A | N/A | N/A | 53.3 | 0% |
| Zambia | 23.6 | N/A | 11.1 | 28.9 | 7.0% |
| Swaziland | 45.3 | 37.1 | 33.1 | 8.2 | -43.4% |
| Mozambique | 2.6 | 17.1 | 11.9 | 6.8 | 37.8% |
| Namibia | 24.5 | 82.8 | 2.1 | 0.6 | -71.0% |
| Others | 31.3 | 7.5 | 62.2 | 25.2 | -7.0% |
| Total | 128 | 253 | 453 | 244 | 24.0% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from South Africa in 2022:
- Botswana (122.1 tons)
- Kenya (6.0 tons)
- Swaziland (5.3 tons)
- Mozambique (4.0 tons)
- Zambia (2.8 tons)
- Namibia (0.3 tons)
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa
For the third consecutive year, South Africa recorded decline in purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol, which decreased by -53.5% to 11 tons in 2022. Over the period under review, imports showed a dramatic slump. The smallest decline of -2.9% was in 2021.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol plummeted to $117K in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 51.2 | 121 | 45.7 | 63.2 | 7.3% |
| China | 115 | 53.9 | 127 | 30.3 | -35.9% |
| United States | 4.3 | 11.3 | 7.9 | 11.3 | 38.0% |
| Others | 31.2 | 45.0 | 57.4 | 11.8 | -27.7% |
| Total | 201 | 231 | 238 | 117 | -16.5% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to South Africa in 2022:
- India (8.1 tons)
- China (2.8 tons)
- United States (0.2 tons)
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